At the beginning of November 2017, the National Bank of Kazakhstan (NBK) announced that the licenses for banking and other transactions and activities on the securities market of Delta Bank were revoked and the bank will be liquidated.
Being an oil export based economy, which focuses on the development of oil and gas bearing areas originating in the Persian Gulf and the Gulf of Oman, Iran pays less attention to the Caspian region, where there is still much work to be done to develop sustainable exploration an
On September 18, 2017, a day before the opening of the 72nd session of the United Nations (UN) General Assembly (GA), 128 UN member states signed the U.S. drafted political declaration of the 10-point plan for broad reforms of the world body.
During his working visit to Aktobe city a few days ago, the President of Kazakhstan Nursultan Nazarbayev familiarized with the work of several industrial enterprises and summed up: “In Aktobe there is a road to China, railway, gas. There are no such conditions in most cities.
The downturn of the oil prices in 2014 produced profound negative effects on the economy of Kazakhstan. The GDP growth in 2015 slowed down to 1.2% for the first time since 2009 and it contracted further in 2016 reaching 1%, which had never happened since 1998.
On October 6, 2017, Russian Foreign Minister Sergey Lavrov visited Astana to have consultations with his Kazakh counterpart Kairat Abdrakhmanov. At the joint press conference following the talks, Lavrov stated that the V.
After the collapse of the Soviet Union in the early 1990s, the new independent Caspian littoral states faced with the necessity to adopt their own strategies towards the development of the coastal territories including energy and transport infrastructure improvement.